Author: Forbes
Two years ago, bitcoin dominated the cryptocurrency market, gobbling up 70% of its market value. But as crypto has ballooned to exceed $2 trillion in assets, the industry has fragmented. Today, bitcoin’s share sits below 40%, and new crypto networks are popping up every day. One way to sift through the clutter and see where the industry is going is to follow the software developers who build and maintain crypto networks. “Developers tend to be pretty rational. If there’s something they can play with that has real utility, developers have this ability to go find that thing,” says Avichal Garg, a managing…
Bitcoin prices suffered a modest pullback today, falling roughly 10% in less than 24 hours and trading at their lowest in more than a month. The world’s most prominent digital currency dropped to $42,503.88 around 5:30 p.m. EST, CoinDesk data shows. At this point, the cryptocurrency had declined approximately 9.7% since reaching an intraday high of more than $47,000 this morning, additional CoinDesk figures reveal. Since then, bitcoin prices have bounced back somewhat, rising to more than $43,750 close to 8:30 p.m. EST. Following these latest price movements, where is the digital asset’s price likely to go next? Several market observers shed…
Picture yourself playing Mario Kart’s Rainbow Road race using the traditional Nintendo console. But you’re not on your living room couch, you’re in a futuristic city at night. The sky is lit up in neon lights: not from fireworks or tall buildings, but from bubblegum-colored drones whizzing around above you. Basically, you’re Harrison Ford in the 1982 Blade Runner blockbuster. For the 12 professional drone pilots who competed in the Drone Racing League’s Christmas Day 2021 competition, that was their real-life experience. The 12 competitors, all male, mostly between 18 and 30 years old, raced their drones at the FedExForum…
Bitcoin, Ethereum and cryptocurrency have won over some surprising naysayers in recent years as the crypto market price has exploded. The bitcoin price, after surging through much of 2021, has begun this year on a downward trend—despite a flurry of bullish 2022 crypto price predictions. Now, Wall Street billionaire Thomas Peterffy, who once warned bitcoin futures could “destabilize the real economy,” has said investors should buy a small amount of cryptocurrency such as bitcoin or ethereum in case the dollar “goes to hell”—and predicted the bitcoin price could eventually hit $1 million. “I think [bitcoin] can go to zero and I think it can go to a…
In my previous articles, I’ve explored the transformative effects of the blockchain and the rise of social tokens. Non-fungible tokens are the next logical step in Web 3.0’s evolution, allowing unique ownership of digital assets. They have become a multibillion-dollar asset class with interest from institutions and individuals. In Q3 2021, NFT trading volume reached $10.67 billion, up 704% from the prior quarter and 38,060% year over year. Singapore-based Three Arrows Capital launched a fund to collect premium NFTs; payments processor Visa acquired an NFT; and clothier Burberry dropped an NFT collection in a blockchain game. I see huge growth opportunities in this arena. NFTs And How They Work…
Early Black crypto advocates want to maintain a seat at the table they helped to set, as Wall Street eyes big opportunities in the digital currency sector. People who did some of the earliest work spreading cryptocurrency’s message to the Black community are being increasingly pushed out of the space. With Just under one in four, about 23%, of Black people owning this caché currency, compared to 11% of White Americans, and 17% of Hispanics, how important is it for the Black community to be included as more legacy financial institutions increasingly enter the arena? The Breakdown You Need To…
Stablecoins increasingly are the form of cryptoassets most commonly used for transactional purposes, and as 2022 gets underway the importance of these cryptoassets will only increase. From a business and marketplace point of view the upsides and opportunities linked to stablecoins are clear, and have been reinforced over the last several years. As should be self-evident by the moniker, the primary benefit of stablecoins is the reduced price volatility that often characterizes other cryptoassets. A simple statement of fact, but one whose importance cannot be overstated. In order to achieve mainstream adoption and utilization as a medium of exchange rather…
In the future the metaverse will brim with style. But which fashion brands will play in it this year and into the future? Just as Cryptopunks sparked the NFT market for collectible digital art in 2017, throughout 2021 music and fashion took tentative steps into the metaverse with inaugural NFT launches from popular recording artists and celebrated fashion houses. Whether seeking to break free of the limitations of the physical world or aiming to establish a beachhead in the rapidly evolving Web 3.0, it’s now obvious that having a well thought out strategy to maximize a company’s digital presence has become an imperative business necessity.…
eNaira is old news in the world of Central Bank Digital Currencies and crypto-currencies. The eNaira announcement is a few months old. In the fast moving world of crypto-news it has already been buried under the success of blase, yacht loving primates and the news that one successful, but highly controversial company has rebranded as the world beyond this world. When uber-hypesters gaslight web3 as hype and the holders of some of the most centralized crypto-currencies talk incessantly of decentralization, this eclipse should come as no surprise. When eNaira was announced, there was a bunch of articles in many of…
2021 was a pivotal year for the Web3 sector, where it matured from a nascent community to a budding industry. Over the past year, we’ve seen an incredible combination of talent and capital flow into the Web3 ecosystem. From this, has emerged massive innovation in the underlying decentralized technology stack, as well as consumer-facing applications that are disrupting money, finance, and even the internet itself. The Opportunity However, mass adoption of Web3 tech is only just getting started. Cryptocurrency is still owned by less than 10% of the global population. Decentralized financial systems currently hold around $100 billion in assets,…